The December tax calendar is busy, with several vital deadlines:
- December 12 : Deadline to modify the tax credit advance
- December 16 : Payment of housing tax (secondary residences)
- December 21 : Deadline for online payment
- December 27 : Last deduction of the balance of income tax
These dates are essential for manage your cash flow effectively during this festive period. It is crucial to anticipate them to avoid any unexpected bank overdrafts.
Understanding the issues of the tax credit advance
The 60% advance on tax credits and reductions, paid in January 2025, may seem advantageous. But, it requires special attention. If your eligible expenses have decreased in 2024, it is wise to reduce the amount of this advance before December 12.
This precaution will prevent you from having to repay an overpayment in the second half of the year, which could put your finances in difficulty. The modification is simply done via your personal space on the tax site.
Note that this advance concerns various types of expenses, such as:
- Childcare costs
- Donations to associations
- Home jobs
Housing tax and other end-of-year levies
Although property tax is often at the heart of concerns, don't forget the housing tax on second homes. Payment is due no later than December 16, or the 21st if you opt for online payment. The actual collection will take place on December 27.
Furthermore, December 16 also marks the date of last monthly income tax payment for holders of non-salary income. This levy can represent a significant sum, so it is crucial to anticipate it.
Here is a summary table of the main end-of-year deductions:
| Date | Collection type | Audience concerned |
|---|---|---|
| December 16 | Housing tax (secondary residences) | Second home owners |
| December 16 | Income tax deposit | Holders of non-salary income |
| December 27 | Income tax balance | Taxpayers with a tax supplement |
Managing your finances during the holiday season
The holiday season is often synonymous with increased spending. It is therefore essential to plan your budget carefully taking into account these tax levies. Here are some tips to better manage your finances:
- Establish a detailed budget including festive expenses and tax deductions
- Prioritize your spending and avoid impulsive purchases
- Build up precautionary savings to deal with unforeseen events
- Monitor your bank accounts regularly
Don't forget that the Livret A benefits from a certain protection against the tax authorities, which is indeed an interesting tool for your precautionary savings.
By anticipating these deductions and adopting rigorous financial management, you will be able to enjoy the end-of-year holidays peacefully without fearing unpleasant surprises on your bank accounts. Stay alert and organized to approach 2025 in the best possible financial conditions.
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